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Key CSR Issues

The Sekisui Chemical Group has identified key issues to tackle under its CSR initiatives.

Identifying Key IssuesThe Process of Identifying Key CSR Issues (Materialities)

Together with the start of the Medium-term Management Plan SHIFT 2019 -Fusion- in fiscal 2017, we have reviewed issues related to CSR management efforts and identified key issues (materialities).

The Process of Identifying Key CSR Issues

We identified key CSR issues through the process below when formulating the CSR medium-term plan.

 

Step 1 Screen for issues based on global and other guidelines

Screen for issues based on global and other guidelines
  • (1) Screen for possible issues based on the United Nations Global Compact and ISO 26000 standard

    We identified areas in need of attention based on a survey of the state of initiatives within the Group, from the standpoint of actions and expectations related to the seven core issues defined in ISO 26000 while taking into consideration the 10 principles of the United Nations Global Compact.

 

  • (2) After taking into consideration links with the Group as well as business activities, we identified possible issues based on inside and outside the Group's boundaries in connection with 46 aspects stipulated under GRI Guidelines (G4).

 

Screen for issues based on global and other guidelines
  • (3) We analyzed social issues stipulated under SDGs and uncovered issues that represented business opportunities for the Sekisui Chemical Group. We identified the measures required to help resolve each issue.
 

 

Step 2 SRI surveys and examination of issues at other companies

SRI surveys and examination of issues at other companies
  • (1) Screen for possible issues based on SRI surveys

    Based on the responses and evaluations given in SRI and CSR surveys, analyze issues and screen for possible CSR issues that may require attention.

 

  • (2) Analysis of CSR initiatives and information disclosure practices at other companies

    We survey the CSR initiatives and information disclosure practices, such as CSR reports, at other leading CSR companies, identifying areas where Sekisui Chemical Group can improve upon in terms of CSR initiatives and information disclosure.
 

 

Step 3 Analyze opinions and expectations of stakeholders

Analyze opinions and expectations of stakeholders</h4>
  • (1) Compile key opinions from stakeholders

    We solicit and organize the key opinions about CSR from our interactions with various stakeholders, including customers, shareholders, investors, employees, business partners and local communities.

 

  • (2) Analyze the main expectations of stakeholders

    In light of the key opinions of stakeholders in (1) above, analyze the major expectations of stakeholders from the perspective of Sekisui Chemical Group's business activities and CSR initiatives.
 

 

Step 4 The Process of Identifying Key CSR Issues/ Formulate the CSR Medium-term Plan

  • (1) Sort candidates for key CSR issues

    Possible CSR issues that were identified in steps one through three above are added to strategic CSR issues that have been undertaken in the past, and organized as key CSR issues for future consideration.

 

  • (2) Assess the importance of candidates for key CSR issues

    The candidates for key CSR issues sorted in Step 1 were subjected to overall evaluation along the two axes of their importance to stakeholders (A) and importance to Sekisui Chemical Group management (B). These key CSR issues were then ranked according to priority. Along axis A (importance to stakeholders), candidates were assessed from the perspectives of expectations of each stakeholder, world trends, and positive and negative impacts on the planet and society, while along axis B (importance to group management), they were assessed from the perspectives of consistency with management policies and management strategies, correspondence to CSR issues, risk and reputation, and priories based on a timeline.

 

  • (3) Formulate the CSR Medium-term Plan

    Following deliberation in the CSR Committee, key performance indicators (KPIs) were reviewed by the responsible departments for the identified key CSR issues, and then reflected in the drafting of the CSR Medium-term Plan. The CSR Medium-term Plan was then given final approval by the CSR Committee. By reflecting key CSR issues in the CSR Medium-term Plan, management follows a proper PDCA cycle.

    The Sekisui Chemical Group conducts a review of key CSR issues when it puts in place its Medium-term Management Plan every three years. In principle, steps are taken to identify medium-term CSR targets. Meanwhile, the Group assesses the need to make any changes on an annual basis after taking into account the expectations and requirements of society together with the status of its business and other considerations.
Formulate the CSR Medium-term Plan
 
Types of Key CSR Issues